Commonwealth Consolidated RegulationsFor subsection 137B (1) of the Act, the following grounds are prescribed:
(a) the person gave incorrect information to Immigration in relation to:
(i) an application under regulation 1.20C, as in force before 1 July 2003, for approval as a standard business sponsor or a pre‑qualified business sponsor; or
(ii) an application under regulation 1.20C , as in force on or after 1 July 2003, for approval as a standard business sponsor;
(b) the person gave incorrect information to Immigration in relation to any other matter relating to the person;
(c) the person has not complied, or is not complying, with the undertakings given by the person in accordance with approved form 1067, 1196 or 1196 (Internet);
(d) the person does not continue to satisfy the requirements that the person satisfied for approval as:
(i) a pre‑qualified business sponsor; or
(ii) a standard business sponsor.
Note If the Minister decides to cancel an approval of a person as a business sponsor, the Minister is to give the person a written notice of the decision: see section 137D of the Act.